 |
 |
 |
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Shares of XTEX Now OverboughtBy Energy Stock Channel Staff, Friday, January 6, 11:57 AM ET
In trading on Friday, shares of Crosstex Energy LP (NASDAQ:XTEX) entered into overbought territory, changing hands as high as $17.46 per share. We define overbought territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be overbought if the RSI reading rises above 70. In the case of Crosstex Energy LP, the RSI reading has hit 71.0 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 55.7, the RSI of WTI Crude Oil is at -1.0, and the RSI of Henry Hub Natural Gas is presently 42.8. Investors could look at XTEX's 71.0 reading as a sign that the recent heavy buying is peaking which could mean shares are due for a pullback. Looking at a chart of one year performance (below), XTEX's low point in its 52 week range is $13.23 per share, with $19.97 as the 52 week high point — that compares with a last trade of $17.29. Crosstex Energy LP shares are currently trading up about 0.9% on the day.
XTEX operates in the Oil & Gas Refining & Marketing sector, among companies like Pacific Ethanol Inc (NASDAQ:PEIX) which is off about 1.8% today, and Syntroleum Corp. (NASDAQ:SYNM) trading lower by about 0.3%. Below is a three month price history chart comparing the stock performance of XTEX, versus PEIX and SYNM.
Special Offer: Join the value investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation from Forbes
Find the right mix of model portfolios today at PortfolioChannel.com
This Article's Word Cloud:
Below
Crosstex
Days
Energy
Friday
Investors
NASDAQ
PEIX
Relative
SYNM
Seven
Syntroleum
XTEX
about
among
analysis
chart
companies
comparison
conversation
could
currently
hands
heavy
high
history
momentum
operates
overbought
performance
point
price
pullback
range
reading
recent
scale
share
shares
special
stock
stocks
territory
that
trading
week
which
with
year
zero
|
Now Playing:
Learn About The RSI
Start slideshow: